The US markets were trading lower on Cyber Monday as holiday sales failed to impress investors on Monday morning. While some online retailers got a boost following reports of higher traffic year-over-year, many brick and mortar stores saw a decline in foot traffic.
Good morning this is Kristin Bianco with the Week Ahead Market Report for December 2, 2013.
In overseas trading, Japan's Nikkei 225 Stock Average was trading relatively flat and the Hang Seng was higher by about 0.7% overnight. In Europe on Monday, the FTSE 100 was lower by just about 0.6% and the German DAX is modestly higher by 0.1%.
In economic news, investors will see reports regarding auto sales on Tuesday, new home sales on Wednesday, initial jobless claims on Thursday and the November payroll report on Friday.
In earnings news this week, the Bank of Montreal (NYSE:BMO) reports on Tuesday, Aeropostale (NYSE:ARO) and Guess? (NYSE:GES) report on Wednesday, Alico (NASDAQ:ALCO) and Diamond Foods (NASDAQ:DMND) report on Thursday and American Eagle (NYSE:AEO) reports on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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